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S&P Cuts Saks’ Credit Rating Over New Financing Package
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Tag: luxury retail sector

Credit Rating Agencies Fashion and Luxury Retail Financial Management
Aria Patel

S&P Cuts Saks’ Credit Rating Over New Financing Package

S&P Downgrades Saks’ Credit Rating Following Financing Package Controversy Standard & Poor’s recent decision to downgrade Saks Fifth Avenue’s credit rating to CC, a substantial ten levels below investment grade, has sent shockwaves through the luxury retail industry. The move comes in response to the unveiling of a new financing package by the renowned retailer, […]

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